Grapevine: Battle of the Mortgage Titans / Better August 11, 2022 Paul Muolo UWM outearned Rocket in the second quarter, but mortgage banking is a nine-inning game. Meanwhile, not only is Better.com struggling, so is its chief benefactor, SoftBank.Read More
Private Mortgage Insurance Share Rises Above 50% Mark in 2Q August 11, 2022 John Bancroft The six active private mortgage insurers provided coverage on $120.92 billion of new originations in 2Q22...Read More
UWM’s Ishbia Throws Down the Gauntlet: ‘We Control the Margins’ August 11, 2022 Brandon Ivey When it comes to GOS, UWM's Mat Ishbia says he's running the table...Read More
A Brutal Quarter for loanDepot: A Large Loss, Layoffs, Wholesale Shuttered August 10, 2022 Paul Muolo The California-based lender/servicer went public at $14.00 a share in February 2021...Read More
Short Takes: Better Troubles? / The SoftBank Question / A $750 Million Loan / Dumping SoFi Shares / #34 and Slipping August 10, 2022 Paul Muolo A large loan to Better.com from SoftBank is something to keep an eye on...Read More
Ginnie Issuance Falls to a 2022 Low in July August 9, 2022 Monica Hogan In July, PennyMac Financial Services led the pack with $4.5 billion of Ginnies issued...Read More
Fitch: 89% of Homes Are Overvalued, Cautions About the West August 9, 2022 Paul Muolo In particular, Fitch sees the housing picture worsening in the west during the second half of 2022.Read More
Volatility in Expanded-Credit Market Shakes Up MBS Contributors August 8, 2022 Brandon Ivey Among the top five contributors to expanded-credit MBS in 2021, only two cracked the top five in 2Q22...Read More
Cenlar Chief Tornquist Retires, Former GSE Executives Fill the Void August 8, 2022 Paul Muolo The press-shy, privately held vendor made headlines last fall when it was sanctioned by the OCC...Read More
Agency MBS Issuance Falls to 2022 Low in July August 5, 2022 John Bancroft Lenders delivered $98.10 billion of purchase loans into agency MBS last month...Read More
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